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Consider an economy with two countries, U.S. and Japan. The economy produces only two goods, cell phones and tablet computers. The maximum quantities produced in

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Consider an economy with two countries, U.S. and Japan. The economy produces only two goods, cell phones and tablet computers. The maximum quantities produced in the US and in Japan are reported in the PPFs below

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Phones Phones Japan US 12,000 2,000 8,000 Tablets 4,000 Tablets

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